In the competitive world of finance, anticipation runs high as investors eagerly await the Q3FY24 results of the renowned Life Insurance Corporation (LIC).

As morning deals unfolded, LIC shares soared to unprecedented levels, reaching ₹1,100 apiece on NSE, setting a new peak.

Market experts project a positive trajectory for LIC's Q3 results, citing robust new business premium growth as a key factor driving investor optimism.

Siddhartha Khemka, Head of Retail Research at Motilal Oswal, asserts, "Insurance giant LIC will announce results on Thursday where new business premium growth is expected to remain healthy."

This sentiment is echoed by Avinash Gorakshkar, Head of Research at Profitmart Securities, who highlights the market's bullish stance on LIC shares, attributing it to expectations of improved quarterly performance and the positive growth outlook expressed by Prime Minister Narendra Modi.

He advises existing investors to hold the stock, maintaining a stop loss at ₹1020 per share, with a short-term target of ₹1,150.

For prospective investors, Bagadia suggests a buy-on-dips strategy, recommending a stop loss at ₹1020 for short-term targets of ₹1,125 and ₹1,150 per share.

In conclusion, as the market eagerly awaits LIC's Q3FY24 results, the prevailing optimism surrounding the insurance behemoth's performance reflects confidence in its growth trajectory.

With positive projections and strategic investment advice, both existing and potential investors stand poised to capitalize on the anticipated upsurge in LIC shares.